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How to Trade Gap Up and Gap Down Opening? Full Guide What is gap up and gap down in trading? In this article, I will teach you how to trade gap up and gap down opening . You will learn a simple and profitable gap trading strategy that works perfectly on Forex, Gold or any other financial market. First, let's start with a theory . A gap up after the market opening is the situation when the market opens higher than it was closed without any trading activity in between. Above you can see the example a gap up after the market opening on EURGBP. The price level where the market closed is called gap opening level. The price level where the market opened is galled gap closing level. A gap down after the market opening is the situation when the market opens lower than it was closed without trading activity in between. Here is the example of a gap down after the market opening on WTI Crude Oil. Why such gaps occur? There are various reasons why opening gaps occur. One of the most common one is the release of positive or negative news while the market was closed. The market opening price will reflect the impact of such news, causing a formation of the gap. What gap opening means? Gap openings reflect the sudden change in the market sentiment. Gap up will indicate a very bullish sentiment on the market while a gap down will imply very bearish mood of the market participants. However, the markets do not like the gaps. With a very high probability, the gaps are always filled by the market very soon. We say that the gap is filled, when the price returns to the gap opening level. Above, you can see that after some time, EURGBP successfully closed the gap - returned to gap opening level. Such a pattern is very reliable and consistent among different financial markets. For that reason, it can provide profitable trading opportunities for us. You can see that a gap down on WTI Crude Oil was quickly filled and the price returned to the gap opening level. How to trade gap opening? Gap Up Trading Strategy Once you spotted a gap up after the market opening, you should wait for a bearish signal before you sell. You should look for a sign of strength of the sellers. One of the most accurate signals is a formation of a bearish price action pattern: Double top, Triple top, Inverted Cup and Handle, Head and Shoulders, Symmetrical or Descending Triangle, Rising Wedge... Bearish breakout of a trend line / neckline of the pattern will be your signal to sell. Look at a price action on EURGBP before it filled the gap. At some moment, the price formed a double top pattern and broke its neckline. That is our signal to sell. Your stop loss should lie above the highs of the pattern. Take profit - gap opening level. Safest entry is on a retest of a broken neckline/trend line of the pattern. Safest entry point on EURGBP is the retest of a broken neckline of a double top pattern. Stop is lying above its highs. TP - gap opening level. Gap Down Trading Strategy Once you spotted a gap down after the market opening, you should wait for a bullish signal before you sell. You should look for a sign of strength of the buyers. One of the most accurate signals is a formation of a bullish price action pattern: Double bottom, Triple bottom, Cup and Handle, Inverted Head and Shoulders, Symmetrical or Ascending Triangle, Rising Wedge... Bullish breakout of a trend line / neckline of the pattern will be your signal to buy . Let's study the price action on WTI Crude Oil before it filled the gap. You can see that the price formed a cup and handle pattern. Bullish breakout of its neckline is a strong bullish signal. Safest entry is on a retest of a broken neckline/trend line of the pattern. Your stop loss should lie above the lows of the pattern. Take profit - gap opening level. Following this strategy, a nice profit was made. Always remember that probabilities that the gap will be filled are very high. However, it is not clear WHEN exactly it will happen. For that reason, you should carefully analyze a price action and wait for a signal, before you open the trade. That will be your best gap opening trading strategy. ❤️Please, support my work with like, thank you!❤️
Education
by VasilyTrader
10
Box range: 109.63-113.62 ~ 123.90-130.04 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M chart) A gap has formed in the 109.63-113.62 range. Therefore, I think it is possible to fall to around 109.63. Since the StochRSI indicator is showing signs of entering the oversold range, I think the area around 109.63-113.62 shows that it is an important support and resistance area. - (1W chart) I think the M-Signal indicator on the 1W chart is passing through the 109.63-113.62 range, proving that this range is an important support and resistance range. If it falls below 109.63, we should check for support near the M-Signal indicator on the 1M chart or near the HA-Low indicator on the newly created 1W chart. - The M-Signal indicator on the 1M chart is currently passing through the 83.13 range, - and the HA-Low indicator on the 1W chart is at the 12.77 point. Therefore, as the price falls, it is expected that the area near the M-Signal indicator on the 1M chart will become an important support and resistance range. - (1D chart) The point of interest is in which direction it deviates from the 109.63-113.62 section ~ 123.90-130.04 section. Currently, the HA-Low and HA-High indicators on the 1W and 1D charts are quite far apart. Therefore, if it falls below 109.63, the HA-Low indicator on the 1W and 1D charts is expected to rise and be newly created. The creation of the HA-Low indicator means that a low section has been formed. Therefore, if the HA-Low indicator is created this time, it is expected that a movement to create a new wave will begin. - If it falls from the HA-High indicator, it is likely to touch the HA-Low indicator. The creation of the HA-High indicator means that a high section has been formed. Therefore, in order for a full-scale uptrend to begin, the price must remain above the HA-High indicator. Therefore, when a full-scale uptrend begins, the HA-High indicator will show a stepwise uptrend. - Have a nice time. Thank you. --------------------------------------------------
NASDAQ:NVDA
by readCrypto
Support zone: 16.02-17.52 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BITO 1M chart) As a spot ETF chart, the HA-Low indicator is formed at the 16.02 point. Therefore, the key is whether it can receive support near or above 16.02 and rise above 19.50. It seems that StochRSI will enter the oversold zone and the slope will change. Accordingly, the area around 16.02 is expected to be an important support and resistance zone. - (1W chart) The point where the BW indicator of the 1W chart forms a horizontal line from the lowest point (0) is around 19.50. Therefore, I think that it is likely to turn into an uptrend if it rises above 19.50 and is supported. Since the M-Signal of the 1W and 1M charts is passing above 19.50, I think it supports the fact that it is an important point. - (1D chart) The BW line of the 1D chart is created at the 19.13 point. Therefore, the key is whether it can be supported near 17.52, the HA-Low indicator point of the 1D chart, and rise above 19.50. If not, you should check if it can be supported around 16.02. If it shows support in the HA-Low (16.02) of the 1M chart ~ HA-Low (17.52) of the 1D chart, it is a time to buy. The reason is that the HA-Low indicator has been created, which means that a low point has been formed. - If it falls below 16.02, it is expected to rise around 13.79 or higher. - Based on the current price position, - In order to turn into a short-term uptrend, it must rise above 19.50, - In order to turn into a medium- to long-term uptrend, it is expected to rise above 25.19. - In order for a full-fledged uptrend to begin, the price must rise above the HA-High indicators of the 1D, 1W, and 1M charts and maintain the price. Currently, the HA-High indicator of the 1D chart is created at 32.12. - Have a nice time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
AMEX:BITO
by readCrypto
The key is whether there is support near the M-Signal on the 1W Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1M chart) It has entered the 2nd section (56K-61K) again. The key is whether it can receive support near the 2nd section. - (1D chart) The key is whether it can receive support near 60672.0-61099.25 and rise above 61759.99. When a new candle is created around 60672.0-61099.25, it is necessary to check whether StochRSI enters the oversold zone. If it has entered the oversold zone, it seems likely to receive support near 59053.55 and turn upward. If not, it is likely to continue to decline further. - The volatility period is around October 5-10 (maximum October 4-11). Therefore, the point of observation is whether it falls below 56150.01-56950.56 or rises above 66676.87-68249.88 after passing this volatility period. --------------------------------------- (BTCUSDT.P 1h chart) As it fell below 5EMA on the 1D chart, HA-Low on the 1h chart was newly created. However, it is showing a downward trend without being supported by HA-Low. It is currently below 5EMA and M-Sigal on the 1D chart, and is located near M-Signal on the 1W chart. Accordingly, based on the 60651.2-61149.5 section, - Check for support near 5EMA or M-Signal indicator on the 1D chart when rising - When falling 1st: 59409.3 2nd: 56975.0 Check for support near the 1st and 2nd above You can create a trading strategy like the above. If it rises above 61149.5, there is a possibility that HA-Low on the 1h chart will be created again. At this time, whether HA-Low is supported is important. - Currently, the point where the HA-High indicator on the 1D chart was created is 64716.7, so it is expected that the upward trend will continue if it rises above this point. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
BTC can Reach $125k If It Manages to Break this ... !!As I mentioned last year, Bitcoin could return to its peak, and it has. Now, as you can see, Bitcoin is in a cup and handle pattern on the weekly timeframe. This can be an incredibly strong signal for a price increase. If the breakout happens, Bitcoin's price could reach $125,000 in the new year, which is not far-fetched, just like the AB=CD pattern. previous Analysis Bitcoin - Time to buy again! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
6
Bitcoin - Time to buy again!I still stand by my opinion and haven’t changed my mind that Bitcoin should reach $73,000. Now let’s analyze this technically. Recently, Bitcoin managed to break this triangle strongly and rose to above $66,500. However, we are now facing a short-term correction that could bring the price down to around $62,000. The price could drop to the indicated support area and then powerfully bounce back up, breaking the head and shoulders pattern, and finally reach the megaphone top. important patterns: Butterfly Pattern, Megaphone Pattern, Head and Shoulders . I can’t believe how quickly time has passed. Let’s take a look at my analysis from 2020 (good old days) and ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
9
Before the new month beginsHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1M chart) There is now one day left until a new candle is created. The current StochRSI indicator is rising below the midpoint (50). We need to check what the StochRSI indicator will look like when a new candle is created. I have marked three sections as important support and resistance sections on the 1M chart. If it falls below the second section, it is likely to turn into a downtrend, and the strong support section at this time is the third section. - (1W chart) The next volatility period is the week around October 7th. So, September 30th - October 13th. The important sections on the 1W chart are 69648.14, 65920.71, 61099.25, and the M-Signal on the 1M chart. The StochRSI indicator has risen above the midpoint (50). Therefore, it is necessary to check whether it will enter the overbought zone when a new candle is created. Since the BW line is currently formed at 69648.14, it is important to check whether there is support near this point. If it goes up a bit more, there is a possibility that a new BW line will be created, so if a new BW line is created, we need to check whether there is support near it. - (1D chart) Among the volatility periods mentioned in the 1W chart, it is expected that full-blown volatility will likely occur between October 5th and 10th. What is important to watch as this volatility period passes is whether it can fall below 56150.01 or rise above 66676.87-68249.88. - It is currently located near the HA-High indicator on the 1W chart. As I mentioned in the previous idea as an update, the StochRSI EMA indicator has never touched the 100 point. Therefore, there is a very high possibility that the StochRSI indicator will be reset somehow. Therefore, it is an important point to watch how the StochRSI indicator is initialized. Since it is overheated, even if it shows a slight decline, the StochRSI indicator shows a downward trend. In this movement, buying because the price is rising will make your psychological state unstable. Therefore, it is necessary to check whether it can be supported at the lower point of the HA-HIgh indicator box (65441.08) ~ 65920.71. If it falls without support, 1st: 64179.08 2nd: 61099.25 You should check whether it is supported at the 1st and 2nd points above. When the StochRSI indicator falls in the overbought zone, there are cases where it immediately shows a downward trend and cases where it does not. Currently, it seems that volatility is likely to occur when the StochRSI indicator is located near the midpoint (50). At this time, I think it is important to know where it is supported. - If it rises above 65920.71, 1st: 67614.25 2nd: 69648.14 We need to check whether it is supported near the 1st and 2nd above. However, depending on whether the StochRSI indicator is initialized, there is a possibility that the upward trend will continue while creating a new wave, so we need to watch the situation. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
My personal interpretation of the Volume Footprint chart Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I signed up for an expensive plan on TradingView, but I think there are some parts of the chart that I can't use properly. I think the Volume Footprint chart is a chart that can be used when you sign up for a premium plan. (I may be wrong, so please check.) I think it's because I'm used to the old way, so I feel resistant to new things, and the explanation is difficult to read. In order to solve that problem a little, I'd like to explain how to interpret the chart using only the core interpretation methods. Since my explanation may be different from the creator's intention, I strongly recommend that you read the creator's explanation. Volume Footprint Chart Description: www.tradingview.com ---------------------------------------- I think you should pay attention to and interpret the part indicated above. I think the section marked as VAL, VAH is the section that is mainly traded. Therefore, I think that depending on which direction it deviates from this section, it will affect the future flow. Therefore, - If it rises near or above VAH, it is likely to show an upward trend, - If it falls near or below VAL, it is likely to show a downward trend. - The next thing to look at is the column indicated next to each volume. (The part that the arrow points to) - The column in the Sell Volume section indicates that it is a section with strong selling pressure, - The column in the Buy Volume section indicates that it is a section with strong buying pressure. (The creator explains that this is the part that is indicated by the imbalance of volume.) Anyway, since there is a high possibility of a rebound or reversal in the part where this column is indicated, I think it can be a tradable section depending on whether it receives support or resistance in this part. - The Delta section shows the difference between Sell Volume and Buy Volume. ----------------------------------------------------------- The time frame charts that are good for viewing the volume footprint chart are 1s, 1m, 15m, 1h, and 1D charts, so I recommend viewing them with the corresponding time frame charts. If it deviates from the VAL, VAH area near 1, 1-1 and 2, 2-1 shown on the chart, a trend is formed, so you should check whether it deviates from this section. If it does not deviate, it can be interpreted that there is a high possibility of sideways movement. - Therefore, 1. Is it located near VAL, VAH? 2. Is there a section where columns are created next to Sell Volume, Buy Volume? I think this chart allows you to detect the trading volume, that is, the movement of buyers and sellers, with the above two things. - Have a good time. Thank you. --------------------------------------------------
Education
by readCrypto
StochRSI EMA has never touched 100Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" too. Have a nice day today. ------------------------------------- Looking at past movements, there were cases where the current movement was shown near the peak of the uptrend. In any case, when the StochRSI EMA rose to around 99 or above and then started to fall, the StochRSI indicator was reset after the additional rise occurred in most cases. There were two cases where the StochRSI indicator did not reset after rising to the overbought zone and then rose to the overbought zone again. In other words, if the StochRSI indicator did not reset and touched the overbought zone twice, you can see that the reset has mostly occurred. If the current decline continues, it is likely to fall because it will become a double top. The reason why it is so obsessed with this is because the StochRSI EMA has never touched the highest point (100) so far. - Therefore, looking at the current position, the important support and resistance zone is the 65920.71-67614.25 zone, so it is expected that the StochRSI indicator will be reset as it receives resistance and falls in this zone. At this time, it is expected that the support near the 63118.62-64000.0 zone will be the key. This is because the M-Signal indicator on the 1D and 1W charts is expected to rise to this area. - If it falls further, the 60672.0-61099.25 zone is expected to be a strong support zone. The 61099.25 point is the HA-High indicator point on the 1M chart, so it is important to check whether it is supported. - The next important support and resistance area is around the M-Signal indicator on the 1M chart. Currently, the M-Signal indicator on the 1M chart is rising around 52.1K. Therefore, if there is a movement as I mentioned earlier, the M-Signal indicator on the 1M chart is expected to rise around 56K. - There are fewer cases of a sharp downtrend immediately following a strong overheating of StochRSI than expected. Therefore, it is expected that there will be time to respond depending on whether there is support around the area I mentioned above. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
BNB trying to reset the indicatorHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The StochRSI indicator is showing signs of falling below 50 even though it has not fallen much. In order for the StochRSI indicator to be reset, it must touch the oversold zone. When the StochRSI indicator is reset and rises in the oversold zone and becomes StochRSI > StochRSI EMA, it is expected to create an upward wave if it receives support and resistance points on the 1M, 1W, and 1D charts drawn on the chart. The point of view is how BTC will reset the StochRSI indicator. - Important support and resistance zones - 578.4-595.0 - 496.0-498.3 The two zones above are important support and resistance zones. - If it falls below 595.0, the M-Signal indicator on the 1D chart is rising near 578.4, so you should check whether it can be supported and rise near this area. Therefore, the key point is where the StochRSI indicator enters the oversold zone or the BW indicator touches the lowest point (0). - If it rises from 595.0, 1st: 606.7 2nd: 664.3 You should respond depending on whether there is support near the 1st and 2nd above. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
The difference between buying on the chart and actual buyingHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- #ETHUSDT When ETH looks good to buy, it will rise near the section the finger is pointing to. That's because if you wait any longer, you will feel like you've missed it. However, the section we should buy is the section the arrow is pointing to. The best position among these is when it goes beyond the section the arrow is pointing to after September 17. The reason is that the DMI and OBV rose near the BW line and HA-Low. Currently, OBV has risen above the High Line, but since DMI is at 0, I think it would be better to wait until DMI shows an upward trend. If you couldn't wait and were going to buy, you should have bought it at the time when you should have bought it before. - The BW line has been created again near the current price. Therefore, when it rises above the BW line and shows support, it is the time to buy. However, since it was created at the highest point (100) of the created BW line, it is recommended to check whether it is supported even if it rises. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Overheated state of all timeHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The current situation is showing an overheated state of all time. Accordingly, there seems to be a possibility of a sharp change in the StochRSI indicator. Since it touched the expected rising range, there is a possibility that a price adjustment will begin to lead to an additional rise. If it falls below 63118.62-64000.0, 1st: M-Signal on the 1D chart (current location 61759.99) 2nd: 59053.55 You should check for support near the 1st and 2nd above. If the upward trend continues and rises to the 65920.71-67614.25 range, there is a possibility that the StochRSI indicator will show a reversal phenomenon, but I don't think that will happen because I don't think that has happened so far. In other words, there is no phenomenon of divergence in the indicator due to excessive upward trend. - The StochRSI indicator was reset after February 18, but the price drop was not large. I think that in order for the current overheated state to lead to additional rise, it should show at least the same movement as after February 18. - When you think that it might go up without doing anything, it is a high point and I think it is a good choice to watch the situation a little more. --------------------------------------------- DMI is displayed as a line, and OBV is displayed as a column. DMI is easy to interpret, but OBV can be a bit difficult. The reason is that OBV is displayed by dividing it into 4 sections. 1. Above High Line: Dark Orange (#e65100) 2. Mid Line ~ High Line: Orange (#ff9800) 3. Low Line ~ Mid Line: Aqua (#00bcd4) 4. Below Low Line: Blue (#2962ff) The above 4 sections are divided and the rise and fall are indicated based on the 0 point. What you should pay attention to here is the state of DMI when each section is crossed. This is because there may be a change in trend when OBV exceeds the range when DMI rises and falls based on the 0 point. (In other words, the trend change occurs and DMI and OBV change, but I explained it the other way around for easier understanding.) Accordingly, if we interpret the current state, it shows a strong upward trend. - DMI is maintaining an upward trend above 0 point - OBV is above the high line: a dark orange (#e65100) range has occurred - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The range expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Things to check when trading altcoinsHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I think it's good to check the upward turn on the Renko chart to trade altcoins. Therefore, in the short term, if the price is maintained above 4.9, it can be interpreted that there is a high possibility of an upward trend. Accordingly, I think it's good to trade from a short-term trading perspective in the current upward trend. - (NEARUSDT 1D chart) Usually, coins (tokens) that are currently thought to have risen are likely to have already touched the HA-Low indicator and risen. Therefore, the StochRSI indicator will mostly be in the overbought zone. In this situation, if you feel like you have to buy now, you should be able to wait for that time to be the peak. When the bottom zone, low zone, and rise are formed, it is more likely to create a 'W' pattern (double bottom pattern) or higher than the 'V'-shaped uptrend and rise. Therefore, in order to gain additional upward momentum, it is essential to create a pull back pattern and rise. Therefore, if you want to buy now, it is recommended to confirm that a pull back pattern is created and enter. On the NEARUSDT chart, the M-Signal indicator of the 1D and 1W charts is passing around 4.675, so if a pull back pattern is created, I think that this area is likely to become the bottom zone. Therefore, you should check how the StochRSI indicator is initialized, and when it is initialized, check whether there is support at the support and resistance points at that point and proceed with the transaction. When rising 1st: 5.947 2nd: 7.008-7.369 You need to check for support near the 1st and 2nd above. Among these, the section that can be converted to a mid- to long-term transaction is the 2nd section. - When purchasing, you need to make an effort to make the lowest average price possible by conducting a split transaction. Otherwise, if you try to solve everything with a single purchase, you need to be able to wait as much as possible and be decisive. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The section that is expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
2
Next Volatility Period: Around October 11Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- It is showing sideways movement around 63118.62-64000.0. Therefore, if it breaks out of this area, - 65920.71-67614.25 when up - 60672.0-61099.25 when down You should check for support around the above area. The StochRSI EMA is almost approaching the 100 point. Accordingly, the possibility of volatility is increasing. As I mentioned in the previous idea, I think we can predict the future trend depending on how the initialization of this StochRSI indicator proceeds. - (BTCUSDT.P 1h chart) The section that the finger is pointing to is the section that fell below the 5EMA of the 1D chart, then touched the HA-Low indicator and rose. When it fell below the 5EMA of the 1D chart this time, we need to check whether it touches the HA-Low indicator and rises. The M-Signal indicator of the 1D and 1W charts is passing through the 60651.2-61149.2 section, so the key is whether it is supported around this area when falling. When rising 1st: 65922.3 2nd: 67612.8-68215.5 You need to check whether there is support near the 1st and 2nd above. - It is not easy to know whether it will rise or fall right now. However, you can predict the next support or resistance section depending on how it breaks through the support and resistance points of the 1M, 1W, and 1D charts drawn on the chart. Therefore, I think it is a good idea to trade with a response strategy for rising and falling from the current position. For this, you need to have your own trading strategy established. ----------------------------------------- (USDT.D 1D chart) USDT dominance is showing a decline in an important section. Therefore, we need to watch whether it can fall after receiving resistance near the M-Signal indicator on the 1W, 1M chart. I think that in order for the coin market to show an upward trend, the USDT dominance must show a downward trend. Therefore, it is expected that we will be able to know whether the coin market can start an upward trend depending on whether the USDT dominance falls below 4.97 and is maintained or shows a downward trend. -------------------------------------- The purpose of adding DMI and OBV is to find out the strength of the trend. The final formula was changed accordingly. Based on the 0 point, - If it rises above 0, it means that the upward force is strong. - If it falls below 0, it means that the downward force is strong. The important thing to note here is when it touches the 2 or -2 point. At this time, you can proceed with a transaction by checking the movement of the BW indicator and StochRSI indicator. The trading time should be conducted depending on whether there is support at the support and resistance points drawn on the chart. It is recommended to use the movement of the indicator only as a basis for judging whether it is supported at the support and resistance points. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start when it rises above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
3
If it is supported near 2531.05-2621.99, it is time to buyHello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) ETH is showing a disappointing performance, falling more than BTC. However, the current location, that is, near 2531.05-2621.99, is an important support and resistance area, so whether it can receive support and rise is the key. We need to check whether it can receive support and rise to create a state where M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart. Therefore, ETH can be considered as a buy point at the moment. If it falls, you should check for support near 2159.0. - This is because the section that must be supported in order to rise is the 1941.90-2159.0 section. - Since the BW indicator has touched the highest point (100), the BW line will be created soon. Therefore, you should check for support at the newly created BW line and consider whether you can trade according to your trading style. The stop loss point is when it shows resistance near 2531.05. As I said again, the M-Signal on the 1W chart is currently falling just above. Therefore, even if it is supported and rises now, it is highly likely to touch the M-Signal area of ​​the 1W chart and fall, so you should think about a countermeasure for this. - The next volatility period is around September 30th (September 29th - October 1st). Therefore, the point of observation is how the M-Signals of the 1D, 1W, and 1M charts are arranged based on this time. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to touch in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
How StochRSI is initialized is the point of interestHello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (USDT.D 1D chart) USDT dominance is showing a decline below the important section. Therefore, we need to check whether the M-Signal on the 1D chart can follow and create a state where the M-Signal on the 1M chart > M-Signal on the 1W chart > M-Signal on the 1D chart. Since the StochRSI indicator has entered the oversold section, if it rises, the key is whether it can meet resistance near the M-Signal on the 1D chart. In order for the coin market to start an upward trend, it is expected that the USDT dominance will have to fall below 4.97 and be maintained. ------------------------------------- (BTCUSDT 1D chart) In fact, even if the current price position, that is, 63118.62-64000.0, is supported and rises, I don't think it's a good idea to make new purchases. From the perspective of a breakout trader, it is a position worth challenging, but it is a position that requires a quick response and decision. StochRSI has not yet initialized. Therefore, it is showing that it is not strange for a decline to occur at any time. I have talked about the entry point to start trading several times, so I will not talk about it here. - If it is supported and rises near 63118.62-64000.0, it is highly likely to turn downward while touching near 65920.71-67614.25. However, if StochRSI is initialized, it may show an upward trend as it continues to a new trend. Therefore, what is important to look at now is how to initialize StochRSI. Initializing StochRSI means that if StochRSI has entered the overbought zone, it must touch the oversold zone. This initialization does not necessarily mean that it will lead to a large decline. Therefore, it means that StochRSI may be initialized while showing support near 63118.62. - Therefore, the area near 61099.25 is an important support and resistance zone. This is because the M-Signal of the 1D, 1W chart is currently passing by and the BW line is formed. Therefore, the entry area is around 61099.25, that is, when it shows support near the BW line or the M-Signal of the 1D, 1W chart. - This volatility period is until September 29. The next volatility period is around October 11. Therefore, the point of interest is what kind of channel (rising channel or falling channel) the currently drawn trend line will create in the 'X'. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Chart Analysis and Trading StrategyHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (Trend-related) The M-Signals on the 1M, 1W, and 1D charts have converged and are showing an upward trend, and are currently showing signs of converging again. Therefore, if it falls this time, the key issue is whether there is support near the M-Signal on the 1M chart. Currently, the M-Signal indicator on the 1M chart is passing around 52K. Before that, we need to check whether there is support near the M-Signal on the 1D and 1W charts, which are passing around 60K. - (Trading-related-1) HA-Low, HA-High indicators are indicators created to conduct trading on the Heikin Ashi candle chart. The creation of HA-Low means that a low point range has been formed. Therefore, if it shows support near HA-Low, it is a time to buy. If it falls below HA-Low, there is a high possibility that the low point will be renewed, so a step-down trend is likely to occur. The creation of HA-High means that a high point range has been formed. Therefore, if it shows resistance near HA-High, it is a time to sell. If it rises above HA-High, there is a high possibility that a step-up trend will occur, so a step-down trend is likely to occur. Therefore, you can receive a basic range to start trading. - (Trading-related-2) In order to conduct a transaction, support and resistance points drawn on 1M, 1W, and 1D charts are required. To do this, we used various indicators to display support and resistance points. The support and resistance lines provided in this way indicate that the longer the horizontal line, the more faithfully it can perform its role as support and resistance. The horizontal line displayed on the bottom chart among the three charts above is displayed by the BW indicator. The BW indicator is an indicator that comprehensively evaluates the MACD, StochRSI, CCI, PVT, and suerTrend indicators. Therefore, I think it is highly reliable. - (Trading-related-3) The BW indicator mentioned near Trading-2 is actually an indicator included in the TS-BW DMI indicator. This BW indicator is designed to draw a horizontal line on the price candle when it forms a horizontal line at the lowest point (0) or highest point (100). Therefore, you can proceed with trading depending on whether there is support at this horizontal line. If the BW indicator is created at the lowest point (0), it is likely to form a bottom section, and if it is created near the highest point (100), it is likely to form a high section. At this time, you can check whether the StochRSI indicator is in the oversold or overbought section and the correlation between StochRSI and StochRSI EMA to gain time to respond to an uptrend or downtrend. Since the BW line is currently created below the candle, it must fall below the BW line in order to turn into a downtrend. Therefore, when it falls below the BW line, you need to check whether the StochRSI indicator has fallen in the overbought zone or is maintaining the state of StochRSI < StochRSI EMA. If so, you need to determine that there is a higher possibility of a downtrend and create a response strategy. - (Trading-related-4) The auxiliary indicators added this time are DMI and OBV. However, it is not easy to check these two indicators separately. When interpreting the two indicators, subjective thoughts are constantly added, leading to incorrect interpretations or taking a long time to interpret, making it difficult to respond quickly in real time. Therefore, we have comprehensively presented the important interpretation methods of the DMI and OBV indicators. If it rises from the 0 point, it means that the upward trend is strong, and if it falls, it means that the downward trend is strong. Among them, the -2 ~ 2 section can be interpreted as forming a box section, that is, a sideways section. Therefore, the newly added DMI+OBV can be considered as a method of interpreting the CCI indicator. ----------------------------------------- Looking at the above, you may think that you can trade well, but when you actually trade, you may feel that it is not going well. I think this is because you do not have a trading strategy that fits your investment style. To create a trading strategy that fits you, you must have a concept of the three things above: 1. Investment period 2. Investment size 3. Trading method and profit realization method. In other words, you start trading thinking that you will conduct day trading as the investment period, but as the trading time passes, the problem is that the investment period is gradually extended to the short term and beyond, not day trading. In addition, you should distribute your investment funds according to your investment period, but if you do not do so, investing a lot of investment funds in one coin (token, stock) and creating an imbalance in your trading is also a problem. The investment scale of scalping or day trading and the investment scale of the mid- to long-term are bound to be different, but by using the same concept, you will create a situation where you can no longer proceed with the transaction. In other words, this refers to the phenomenon where you end up with 0 cash, which prevents you from proceeding with the transaction you intended and ends up proceeding with the wrong transaction. To do this, you need to think about how to buy, sell, cut losses, etc. when trading and how to make a profit. To do this, you need support and resistance points drawn on the 1M, 1W, and 1D charts. Then, you use various auxiliary indicators or chart tools to check whether there is support at these support and resistance points and whether it is a time for trading. The most commonly used ones are the price moving average, trend line, and Fibonacci ratio. Since these indicators and chart tools are created after the price movement, they can all be considered lagging. So, I would not say that auxiliary indicators such as RSI, StochRSI, MACD, CCI indicators are lagging indicators and therefore do not need to be used. Ultimately, the decision to proceed with a trade is determined by how well it reflects your investment style. Therefore, even if the chart analysis is interpreted in a completely different direction, you can reduce losses or even gain profits depending on your trading strategy. Therefore, rather than investing a lot of time in chart analysis, you should figure out how it fits your investment style and think about how to reflect it in your trading. So, rather than worrying about whether the current price will rise or fall, you should think about how to respond when you start trading at the support and resistance points drawn on the 1M, 1W, and 1D charts. - Have a nice time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
How to Adapt Your Trading Plan to Any Market ConditionDaily Trendline Break and Market Structure The break of the daily trendline suggests potential bearish momentum. However, as the break appears corrective, we must be cautious about interpreting it as a reversal too early. As described in the Trinity Rule, it’s crucial to evaluate whether price is moving impulsively or correctively before deciding​​. The market could be forming an arcing structure, which traps traders on the wrong side before reversing, as mentioned in Pattern Separation​. This aligns with the idea that the market may retest the trendline or break structure in the opposite direction after a fake-out. Lower Timeframe Ascending Channel There is an ascending channel on the lower timeframes, which typically signals continuation of the bullish trend unless there’s a strong breakout to the downside​. This is where the Multi-Touch Confirmation comes in; if we get a third touch on this channel without a break, it could present a strong reversal signal​. However, if the price decisively breaks the ascending channel with strong momentum, the next step would be to look for a flag or corrective structure for an entry into the bearish continuation, as highlighted in Running Channels​. High-Probability Trade Setup Impulse and Correction: As per Entry Types​, a high-probability trade should be executed after the first impulse following a correction. If the price breaks out of the ascending channel, wait for a correction (such as a flag) before entering a short position. You may look for a third touch confirmation to enhance the probability of success​. Risk Management: Don’t rush the entry based solely on the trendline break. Ensure the structure evolves, showing a confirmed breakout, especially on higher timeframes​​. Manage your stop loss based on market structure rather than arbitrary levels. For instance, if the market presents an impulsive move after breaking the channel, your stop could be above the last lower high​. Market Structure and Valid Trades Evolve Structure: Continuously update your structure by considering the most recent touches. This avoids getting caught in outdated setups​. Where Are We in Structure?: Evaluate whether the price is impulsively breaking key levels or showing corrective behavior. If momentum is lacking after the trendline break, the bearish setup may not play out​​. Trade Scenarios Bearish Scenario (Short Setup): Price Breaks the Ascending Channel: If the price breaks with momentum, look for a retest or flag formation to enter short​. Manage Your Position: As the Rule of Three suggests, avoid perfectionism. If the market forms a strong flag or corrective structure, trust the process and adjust your stop as the trade moves in your favor​. Bullish Scenario (Long Setup) : Price Fails to Break the Channel: If the market respects the ascending channel, this could indicate a continuation of the bullish trend. You could enter long after the third touch confirmation or a clear rejection of lower levels​​. Multi-Touch Confirmation: This will be a key factor if the market holds within the channel​. Key Considerations Impulse and Confirmation: Be patient for the first impulse and correction before committing to a trade​​. Stay Neutral: Use running channels and the overall structure to keep a neutral mindset until the market gives a clear signal​. Avoid Perfectionism: Don’t hesitate or wait for the “perfect” setup if multiple confluences align. Stick to your pre-trade checklist to avoid overanalyzing​​.
OANDA:XAUUSDEducation
by Adlercon333
Important Support and Resistance Points: 19582.6 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- To summarize the explanation below, The current strength to maintain the uptrend is weakening. Therefore, the key is whether it can receive support and rise near 19582.6. ------------------------------------- (1W chart) A new week has begun. The key is whether it can receive support and continue the uptrend near 19582.6. 1. Check if ADX can rise above 25 2. Check if OBV can rise above the High Line 3. Check if StochRSI enters the overbought zone 4. Check if BW can touch the highest point (100) If 1 and 2 are satisfied, the upward trend is expected to continue. If 3 and 4 are satisfied, the high point zone is expected to be formed. It does not immediately fall when the high point zone is formed, - Check if ADX shows a downward trend or falls below 25 - Check if OBV falls below the High Line or shows a downward trend When the above two conditions are satisfied, the decline is likely to begin. At this time, the important thing to look at is whether there is support near 19582.6. If it falls below 19582.6, it is likely to fall to around 17854.8. The Fibonacci ratio shown on the left side of the chart is drawn in the first rising wave. The Fibonacci ratio shown on the right side of the chart is drawn in the second rising wave. Therefore, if it touches the Fibonacci ratio 1 (21137.6) on the right side, it is expected to pick up the trend again. The second rising section is expected to be around the Fibonacci ratio 2.618 (23557.7) on the left side. The long-term uptrend resumed on the week of March 13th as it broke through the M-Signal on the 1M chart. Therefore, if it starts to fall, it is expected to show significant volatility by touching the M-Signal on the 1M chart. Currently, the M-Signal on the 1M chart is rising around 17854.8. - (1D chart) StochRSI has touched the 100 point. Accordingly, it is expected that even if it rises, it will eventually show a downward trend. If it rises above 19582.6, I think it is highly likely to touch around 20313.8 and fall. If not, it will turn into a downward trend. At this time, what you need to check is 1. Whether ADX rises above 25. 2. Whether OBV is maintained above the high line or below the low line and remains. If the above 1 and 2 are not satisfied, there is a possibility of forming a box section. ------------------------------------------------- Sometimes, there are people who strangely say that indicators from coin charts are used in stock charts. Most indicators on charts have been created and used in the stock market for a long time. I hope you know that they can be applied to all investment markets. - Have a nice time. Thank you. --------------------------------------------------
OANDA:NAS100USD
by readCrypto
To maintain the uptrend,it needs to be supported around 61099.25 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I'm publishing in advance because I have a schedule. I will explain the new 1W chart and 1D chart as soon as the schedule is over. -------------------------------------- Since I have updated the necessary information for day trading, I will often explain the trading method for day trading. (BTCUSDT.P 1h chart) It is expected that volatility will occur as the 5EMA line of the 1D chart is touched. Accordingly, if it falls below the 5EMA of the 1D chart, the key is whether it can receive support near 61149.5. Since the M-Signal of the 1D chart and the M-Signal of the 1W chart are passing near 60651.2, I think it is a section that must receive support to start an uptrend. - ADX is below 20. - Since OBV is converging, there is a high possibility that a trend will be formed if it breaks through the low line (LL) or high line (HH) soon. - You should check whether the StochRSI indicator rises in the oversold section and shows an uptrend with StochRSI > StochRSI EMA. Since the trend strength has weakened as ADX falls below 25, there is a high possibility that a box section will be formed. Therefore, you should check which section the box section is formed in and think about whether to proceed with a trade within the box section. However, as I mentioned earlier, if you touch the 5EMA of the 1D chart, ADX can rise above 25, so you need to check what kind of movement it shows at that time. The right time to proceed with a buy (LONG) is when it is supported and rising near the HA-Low indicator. At this time, ADX should be rising above 25 and OBV should be rising along the high point line (HH). The right time to proceed with a sell (SHORT) is when it is resisted and falling near the HA-HIgh indicator. At this time, ADX should be rising above 25 and OBV should be falling along the low point line (LL). ------------------------------------------ (BTCUSDT 1M chart) The key is whether it can be supported near the 2nd section and rise to the 1st section. To do that - ADX must be maintained above 25 or show an upward trend. - OBV must show an upward trend along the high point line (HH). - StochRSI must change to a state where it is > StochRSI EMA and show an upward trend. - (1W chart) The formula of the StochRSI indicator included in the TS-BW DMI indicator has changed, creating a different trend line than the previous idea. Therefore, we should check the movement when a new candle is created. Looking at the TS-BW DMI indicator, - StochRSI appears to have changed to an oversold zone and StochRSI > StochRSI EMA. - We should check if ADX can be maintained above 25. A decline in ADX means that the trend strength is weakening. If you look at the OBV indicator, you can see that OBV is converging. Accordingly, you need to check whether it can maintain the uptrend by rising above the high point line (HH). - (1D chart) The trend line has changed, and the next volatility period has changed from around October 7 to around October 11. - ADX is below 25. - OBV is showing signs of breaking out of the high point line and then entering within the high point line. - StochRSI indicator is showing signs of changing the trend in the overbought zone. It is judged that it is not easy to maintain the uptrend in the current state. Accordingly, the key is whether it can receive support around 63118.62-64000.0. If not, and it falls, it is important to see if it can be supported around 61099.25. If the price is maintained above 61099.25, I think it will meet the conditions to start an uptrend because the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Activate the alarm function when touching the set indicator Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- One of the good things about using TradingView charts is that you can use the alarm function. This alarm function has a limit on the number depending on the plan you use, so please check it out. I will take the time to explain the alarm function using my chart. It is hard, boring, and tedious to just look at the chart until you meet the desired trading point or criteria. If you do that, you may end up making a wrong trade or missing the trading period while doing something else. If you create an alarm and change the Value section to the HA-MS_BW indicator, multiple indicators will be displayed. The indicators currently activated on the chart are HA-Low, HA-High, BW, and M-Signal indicators on the 1D chart, so you can select BW or HA-Low, LH, LL and check if the alarm turns on when they cross. When looking at the 15m chart, since it is moving sideways in the box section of the HA-Low indicator, if you set it to LH, LL indicator, the alarm will come when you touch the upper or lower point of the box. Then, you can use it conveniently when you want to trade within the box section. If you want to trade in a large trend, I think it would be good to set the alarm to turn on when you touch the 5EMA on the 1D chart. Or, you can set the alarm to turn on when the OBV indicator breaks through the high (HH) or low (LL) line upward. If you are a paid member of TradingView, I highly recommend using the alarm function. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after it rises above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
Education
by readCrypto
Example of how to determine the timing of a tradeHello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The following is an explanation of how to use the indicators included in the chart. If you don't need to see how to use the indicators, you don't have to read it. - (15m chart) Currently, it is moving sideways within the box section of the HA-Low indicator. Therefore, in order for a trend to occur, it must break out of the box section of the HA-Low indicator. When the support and resistance points indicated on the chart are touched, you should check the movements of the OBV, DMI, and StochRSI indicators and decide whether to proceed with the trade. If the DMI rises above 25, there is a possibility that it will break through the box section of the HA-Low indicator upward. At this time, you should check whether the OBV is rising along the high point line and the status of the StochRSI. If not, you should decide whether to proceed with the trade within the box section. -------------------------------------- I think that the indicators I used have been organized and modified, and now they are being used more in day trading. If possible, it is good to draw support and resistance lines on the 1M, 1W, and 1D charts and respond accordingly. The most difficult part of any trade is whether it will go up or down right now. For this, we refer to many things. So, what I am going to explain is not necessarily correct, but I think it will reduce the fight with myself about whether to trade right now. - (1D chart) (4m chart) The most important thing in my chart is the MS-Signal indicator. This MS-Signal indicator was created using the MACD formula. Therefore, to see the trend, you can refer to the movement of the MS-Signal indicator (M-Signal on 1D, 1W, 1M charts). Then, you can immediately see the current trend on any time frame chart. For reference, the MS-Signal indicator is made up of the M-Signal line and the S-Signal line. - (15m chart) (5m chart) The next important indicator is the HA-Low, HA-High indicator. The HA-Low, HA-High indicator is an indicator that shows the conditions for trading on the Heikin Ashi chart. Therefore, the creation of the HA-Low indicator means that a low point range has been formed, and the creation of the HA-High indicator means that a high point range has been formed. Therefore, if it is supported near the HA-Low indicator, it is a buying period, and the HA-High indicator is the first selling period. A full-scale uptrend begins when it is supported by the HA-Low indicator and rises above the HA-High indicator. On the other hand, a full-scale downtrend begins when it encounters resistance from the HA-High indicator and falls below the HA-Low indicator. You can use this characteristic to determine the timing of trading. - The BW line is an indicator that is displayed when the lowest point (0) and highest point (100) of the BW indicator included in the TS-BW DMI auxiliary indicator form a horizontal line. Therefore, the creation of the BW line means that a low point or high point section has been formed. Therefore, 1. If the BW indicator is at the lowest point (0), it means that a low point section has been formed. 2. If the BW indicator is at the highest point (100), it means that a high point section has been formed. However, rather than looking at the BW line in this sense, it is better to think of it as a support and resistance point and focus on whether you can proceed with trading depending on whether it is supported or not. - With the newly added OBV and DMI indicators, you can now check whether the current rise or fall will continue by following the correlation of the StochRSI indicator. I think it was difficult to determine this with just the StochRSI indicator in the past. The reason is that when the StochRSI indicator entered the overbought or oversold zone and tried to escape from that zone, it often led to additional rise or fall. Therefore, your own chart analysis know-how was needed to determine this. That does not mean that chart analysis know-how is not needed because the OBV and DMI indicators were added. Please think of it as the concept that there is more reference material to determine this. - (OBV indicator) In order for the price to rise or fall, trading volume must occur. Therefore, it is good to see whether the current rise or fall occurs and whether the buying or selling force increases. The indicator used to confirm this is the OBV indicator. I will not explain the concept of the indicators I am explaining separately. The reason is that it only increases the time spent studying the chart, so I am trying to explain only the core utilization methods of the indicator. In that sense, - If the OBV line rises above the high point and is maintained, it means that the buying force is increasing, - If the OBV line falls below the low point and is maintained, it means that the selling force is increasing. By utilizing this, it can be helpful in determining whether the current rise or fall is sustainable. The color changes when the low or high line is broken, which means that it is the trading period. - (DMI indicator) The DMI indicator is an indicator composed of D+, D-, and ADX lines. Therefore, it is difficult to see and interpret it. To compensate for this, three indicators were created as one. The ADX indicator indicates the strength of the trend. Therefore, an ADX line rising means that the current trend is getting stronger. On the other hand, an ADX line falling means that the current trend is getting weaker. Therefore, you cannot tell whether the current trend is rising or falling just by looking at the ADX line. The correlation between the D+ and D- indicators tells you this. The ADX line in the TS-BW DMI indicator is a comprehensive expression of this information. If the color of the ADX line is pink (#e65100), it indicates an upward trend, and if it is aqua, it indicates a downward trend. If the ADX line is located below 25, it is highly likely that a box section will form. Therefore, at this time, you should check the movement of the indicators mentioned above and check whether there is support at the support and resistance lines displayed at the current price position to determine the trading point. - By checking the correlation between StochRSI and StochRSI EMA, you can determine whether the current trend is sustainable by checking whether the previously used StochRSI indicator has entered the overbought or oversold zone. In other words, even if OBV and DMI show an upward trend, if the StochRSI indicator shows a downward trend in the overbought zone or declines, you should determine that it is difficult to continue the upward trend and find a way to respond. In that sense, if you look at the 1D chart, you can immediately see that even if it rises further, it will eventually fall. Therefore, I think it is a good idea to wait until the StochRSI indicator shows an initialization (if it has entered the overbought zone, it must fall and touch the oversold zone to be determined to have been initialized). We do not know how much the StochRSI indicator will fall, but now we can determine it by looking at the OBV and DMI indicators together. - To comprehensively explain the OBV, DMI, and StochRSI indicators, 1. For an uptrend to continue - OBV must show an uptrend along the high point line - DMI must show an uptrend - StochRSI must show an uptrend (better if it has not entered the overbought zone) 2. For a downtrend to continue - OBV must show a downtrend along the low point line - DMI must show an uptrend - StochRSI must show a downtrend (better if it has not entered the oversold zone) 3. In the case of a box zone - When OBV moves between the low point line and the high point line - When DMI is maintained around 25 or below - When StochRSI is maintained around 50 If you have not started a trade when a movement occurs at the support and resistance points drawn on the chart, it is recommended to check whether there is support by meeting the support and resistance points and then proceed with the trade. Also, - When OBV rises above the low or midline - When DMI shows an upward trend - When StochRSI rises in the oversold zone and becomes StochRSI > StochRSI EMA When the above conditions are met, you can check whether there is support at the support and resistance points drawn on the 1M, 1W, and 1D charts around the price and proceed with the transaction. If you are using my chart to trade, it is recommended to draw at least the HA-Low and HA-High indicators on the 1M, 1W, and 1D charts. And, when the BW line is created, you can determine the trading point by looking at the movement of the indicators. If you need more support and resistance points, you can activate the StochRSI-related (StochRSI < 80, StochRSI > 20), OBV, CCI-related (-100, +100), and RSI-related (RSI < 70, RSI > 30) indicators in the settings of the HA-MS_BW indicator. In addition, 1, 2, 3, and 4 indicate the volume profile points by period, so they also play the role of support and resistance. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto